The principle of voluntary exchange is based on the idea of
A) making assumptions. B) rational self-interest.
C) thinking at the margin. D) isolating variables.
B
Economics
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The relationship between the rate of return earned on a bond and the length of time until the bond matures is called the
A. real interest rate. B. interest rate. C. yield curve. D. calendar.
Economics
To contract the money supply, the Fed should
A. increase government spending and cut taxes. B. lower the required reserve ratio. C. sell U.S. government securities. D. reduce the differential between the discount rate and the federal funds rate.
Economics